This book, designed to be a guide for practitioners who wish to advise ultra-wealthy families, focuses on the difference between the ultra-wealthy and the 'merely' wealthy. With this in mind, the chapters devote little time to issues on which most financial advisors spend most of their time-retirement planning, IRA accounts, home mortgages, planning for college tuition, or financial planning in general. Practitioners working with the ultra-wealthy will instead need to grapple with complex tax issues, matters associated with the ever-changing world of trusts, the special world of the family office, money managers that are not available to anyone who is not an accredited investor or who enforce very high minimum account sizes, the family dynamics and human capital issues that destroy both families and wealth, and so on, all of which will be covered on a global scale in this book.

Building great wealth is enormously difficult. But maintaining that wealth across the generations is an even greater challenge. In Creative Capital: Managing Private Wealth in a Complex World, Gregory Curtis outlines the investment secrets of the world's wealthiest families. These best investment practices for taxable investors represent the only certain way to preserve and grow private capital in the face of taxes, inflation, investment costs, and the conflicts of interest that are endemic in the financial advisory business. themselves. But Curtis argues that the role of wealth goes far beyond private advantage. Wealthy families, says Curtis, lie at the very heart of American distinctiveness, of the vigor, resilience and creativity that have made America the most successful nation in history. plays in America's remarkable economic and cultural success. In Part Two of Creative Capital, Curtis discusses several broad issues that wealthy families face, including understanding investment risk, conflicts of interest among financial advisors, and the challenge of making sound investment decisions. Part Three is a step-by-step guide to the successful management of liquid wealth, focusing on best investment practices from portfolio design to manager selection to monitoring investment performance. remarkable economic success - their wealth is society's recognition of that contribution. But families can, and must, continue to contribute to America's strength for many generations to come through the creative management and deployment of their capital. Creative Capital is an owner's manual for those families.

This book, designed to be a guide for practitioners who wish to advise ultra-wealthy families, focuses on the difference between the ultra-wealthy and the 'merely' wealthy. With this in mind, the chapters devote little time to issues on which most financial advisors spend most of their time-retirement planning, IRA accounts, home mortgages, planning for college tuition, or financial planning in general. Practitioners working with the ultra-wealthy will instead need to grapple with complex tax issues, matters associated with the ever-changing world of trusts, the special world of the family office, money managers that are not available to anyone who is not an accredited investor or who enforce very high minimum account sizes, the family dynamics and human capital issues that destroy both families and wealth, and so on, all of which will be covered on a global scale in this book.